New York’s Economy and Finances in the COVID-19 Era (August 19, 2020)
New York State’s total employment count hit an all-time high of more than 9.8 million in February, reflecting net gains of nearly 2 million jobs since April 1996.
Economy
New York’s Economy and Finances in the COVID-19 Era (August 5, 2020)
Nearly three-quarters of New York State small businesses received assistance in recent months through the federal government’s Paycheck Protection Program (PPP), according to Census Bureau survey data for the week ending June 27.
New York’s Economy and Finances in the COVID-19 Era (July 22, 2020)
Approved payments to New York recipients for Unemployment Insurance totaled $32.1 billion from March 1 through July 17, with steep increases in payments following the onset of the pandemic.
New York’s Economy and Finances in the COVID-19 Era (July 9, 2020)
As was widely reported, New York’s unemployment rate has soared upward in recent months, with May's 14.5 percent nearly four times the 3.7 percent in February. But that rate is only one measure of the impact of lost jobs.
Local Sales Tax Collection Drops Over 32 Percent in May
Sales tax revenue for local governments in May totaled $918 million, or $437 million less than 2019. The sharp decline in revenues was widespread around the state, ranging from a drop of 19.5 percent in Westchester County to a 41.5 percent decline in Tioga County.
Under Pressure: Local Government Revenue Challenges During the COVID-19 Pandemic
Our State’s local governments are being tested on many fronts as a result of the COVID-19 Pandemic. This report will examine some of the major risks to these revenue sources, the dependence of local governments on each, and the effects of federal government actions to help keep local governments afloat thus far.
Assessing the Targeting of the Federal Coronavirus Relief Fund, September 2020
In March and April 2020, Congress passed four stimulus bills to address the COVID-19 pandemic’s impact on the public health system and the economy. As Congress debates additional relief measures, it is worth reviewing the targeting of the initial funding in order to inform new policy to counter the virus and its economic effects.
The Restaurant Industry in New York City: Tracking the Recovery, October 2020
The restaurant industry is essential to New York City’s social and economic fabric. From small, family-owned restaurants and food carts to four-star world-famous establishments, the City abounds with restaurants that offer cuisines from every corner of the globe.
New York City Employment Trends, February 2020
New York City is benefiting from the longest and largest job expansion since the end of World War II.
A Question of Balance: Gaming Revenues and Problem Gambling in New York State, November 2020
Many New Yorkers enjoy buying Lottery tickets and taking a chance on a big prize. Some play the slot machines and other games in the State’s eight Video Lottery Terminal (VLT) facilities, four commercial casinos and seven Native American casinos. Sports wagering and interactive fantasy sports are now part of the gambling picture, and traditional betting on horses continues at racetracks and off-track betting locations.